USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0448%/8h

next payment, per $10,000−$2.24paid, last 24h−0.076%paid, last 7 days−0.114%to open and close $10k−$135

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2786	0.0548	pay 0.0274% / 4h	2h 39m	$23.8M	$78.5M	50x
Short	Gate USELESS_USDT	0.2781	0.0100	get 0.0050% / 4h	2h 39m	$6.4M	$5.0M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersRate

Funding earned: −$93.99
Slippage, 4 orders: −$109.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$228.67
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Gate: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.190%
Avg gap 7d: −0.103%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.18 bp	14.5 bp −$15	54.7 bp −$547	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.52 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.2M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.4M	$5.0M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$275K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$489K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0167%	1h	$12.3M	$12.5M	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0218%	4h	$5.3M	$5.7M	20x	as long as short
edgeX USELESSUSDC	+0.0536%	4h	$21K	$182K	10x	as long as short
Binance USELESSUSDTlong	+0.0548%	4h	$23.8M	$78.5M	50x
MEXC USELESS_USDT	+0.0548%	4h	$16.5M	$4.1M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	$261K	$911K	5x	as long as short
BingX USELESS-USDT	+0.0678%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Bybit USELESSUSDT	+0.0814%	4h	$27.3M	$30.9M	13x	as long as short
Aster USELESSUSDT	+0.0872%	4h	$577K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0968%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short